NCUA Closes Hmong American Two Weeks After Conserving Twin Cities CU

By Claude R. Marx|May 18, 2011 at 05:46 PM|Originally published on Cutimes.Com

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Saying the financial institution is “insolvent and has no prospects for restoring viable operations,’’ the NCUA on Wednesday liquidated the Hmong American Federal Credit Union of St. Paul, Minn., the eighth liquidation of a federally insured credit union this year.